The King's Splat

"Candy Crush" maker falls after IPO as markets adjust to a world after Fed QE. A flattening yield curve only serves to confirm the message.

In one of the sorriest debuts since Moose Murders, King Digital Entertainment flopped in its first day of trading Wednesday, and made for some of the lamest puns ever heard in the market.

King Digital (ticker: KING) fell 15.6% from its initial public offering price of 22.50 in the worst performance of an IPO in 2014, prompting the inevitable comment the shares were crushed, for its Candy Crush Saga game. With that single offering accounting for over three-quarters of the company's business, cynics were calling King a...